Gujarat Fluorochemicals Limited — JV/Acquisition, 29-10-2024: Amalgamation/Merger

Gujarat Fluorochemicals Limited (GFCL) has approved a Composite Scheme of Arrangement involving the demerger of Inox Leasing and Finance Limited's wind business into a new entity, Inox Holdings and Investments Limited, followed by the amalgamation of Inox Leasing into GFCL. The scheme aims to simplify the shareholding structure and reduce administrative costs without altering GFCL's financial position. It requires approvals from shareholders, creditors, and regulatory authorities.